Bitcoin has retreated to its lowest level in two weeks, briefly dipping below the $60,000 threshold as a broad-based selloff in US technology stocks weighed on risk sentiment across global markets.
The digital asset’s decline mirrors the weakness seen in equities, where heavy selling in the tech sector has triggered a flight to safety.
By Tuesday morning, Bitcoin had continued its descent into the $62,000 range, trading at approximately $62,323.
The correlation between high-beta equities and crypto assets has tightened, with investors reducing exposure to speculative holdings amid broader market volatility.
This latest pullback follows a period of sustained pressure on Bitcoin, which had already broken below the critical $64,000 support level earlier in the week.
On June 22, the cryptocurrency fell 0.9% to $63,349, driven by renewed geopolitical friction between Iran and the United States that sparked a wider retreat from risk assets.
By Tuesday morning, Bitcoin had continued its descent into the $62,000 range, trading at approximately $62,323.